【招银国际】2Q24 beat on EV GPM and resilient core earnings; Reiterate BUY.pdf

–2Q23 beat on record-high margin; Reiterate BUY

Reiterated guidance but we remained cautious

Fundamentals remain strong despite recent market volatility, reiterate BUY

Encouraging signs on both policy implementation and property sales, Reiterate buy

China Tutoring Sector - Tutoring names rally on STEM education policy reiteration

Positive on acquisition of Auto-Kabel Group; Reiterate BUY

China Tutoring Sector:Tutoring names rally on STEM education policy reiteration

Impressive earnings recovery in 1Q23; Reiterate BUY